Payoneer Global Inc. (NASDAQ:PAYO) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Payoneer Global has a consensus “Hold” rating: Eight of nine analysts recommend holding the stock, while one recommends buying it. The average 12-month price target is $7.40.
• Several brokerages recently downgraded Payoneer to “Hold” or “Neutral,” including Citigroup, William Blair, Deutsche Bank and Keefe, Bruyette & Woods.
• Payoneer’s latest quarterly results exceeded expectations, with earnings of $0.06 per share versus a $0.04 estimate and revenue of $261.6 million, up 6.1% year over year. Shares recently opened at $7.10, near their 12-month high of $7.18.

Shares of Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) have been assigned a consensus rating of "Hold" from the nine ratings firms that are currently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $7.40.

Several equities analysts recently weighed in on PAYO shares. Citigroup downgraded Payoneer Global from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $10.00 to $7.40 in a research note on Tuesday, June 16th. William Blair downgraded Payoneer Global from an "outperform" rating to a "hold" rating in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft lowered Payoneer Global from a "buy" rating to a "hold" rating in a report on Friday. Keefe, Bruyette & Woods cut Payoneer Global from a "moderate buy" rating to a "hold" rating in a research report on Monday, June 15th. Finally, Northland Securities set a $7.40 price target on Payoneer Global in a research note on Monday, June 15th.

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $7.01, for a total transaction of $175,250.00. Following the completion of the transaction, the chief financial officer directly owned 2,887,266 shares in the company, valued at approximately $20,239,734.66. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.06% of the company's stock.

Institutional Trading of Payoneer Global

Large investors have recently modified their holdings of the business. Van ECK Associates Corp boosted its position in Payoneer Global by 2.4% during the fourth quarter. Van ECK Associates Corp now owns 84,678 shares of the company's stock worth $476,000 after acquiring an additional 1,977 shares during the last quarter. Susquehanna International Group LLP raised its holdings in Payoneer Global by 9.5% in the 3rd quarter. Susquehanna International Group LLP now owns 24,637 shares of the company's stock valued at $149,000 after acquiring an additional 2,144 shares during the last quarter. ProShare Advisors LLC raised its holdings in Payoneer Global by 4.1% in the 4th quarter. ProShare Advisors LLC now owns 54,909 shares of the company's stock valued at $309,000 after acquiring an additional 2,145 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Payoneer Global by 5.8% during the 4th quarter. LPL Financial LLC now owns 42,211 shares of the company's stock worth $237,000 after purchasing an additional 2,304 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Payoneer Global by 8.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 31,677 shares of the company's stock worth $178,000 after purchasing an additional 2,368 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Trading Down 0.1%

Shares of PAYO opened at $7.10 on Friday. Payoneer Global has a twelve month low of $4.08 and a twelve month high of $7.18. The firm has a market capitalization of $2.38 billion, a P/E ratio of 50.72, a PEG ratio of 0.80 and a beta of 0.96. The firm's 50-day moving average is $6.83 and its two-hundred day moving average is $5.72.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $261.60 million for the quarter, compared to analyst estimates of $255.12 million. Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 EPS. Analysts predict that Payoneer Global will post 0.26 EPS for the current year.

About Payoneer Global

Payoneer Global NASDAQ: PAYO operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company's core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.

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